Amending Chapter 2 Entitled Tax Abatement Procedures

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5. The current assessed valuation of the real property improvement before rehabilitation, redevelopment, economic revitalization, or improvement; or the current assessed valuation of the tangible personal property to be replaced by new manufacturing equipment. 6. Photographs of the location taken within two weeks of the filing of the petition. 7. The real and personal property taxes paid at the location during the previous five years, whether paid by the current owner or a previous owner. 8. The commitment made within the past five years to hiring minority individuals including number of minorities employed during each of the past five years, specifying whether fulltime or part-time and whether permanent or temporary employees. 9. An estimate of the after-rehabilitation market value of the real property or an estimate of the market value of the new manufacturing equipment after installation. 10. An estimate of the amount of taxes to be abated during each of the first five years after rehabilitation or installation. 11. The commitment to minority employment during the first five years of tax abatement. 12. A description of the proposed project (whether rehabilitation, new contruction, or installation of new manufacturing equipment) : including information about physical improvements to be made or the new manufacturing equipment to be installed, an estimate of the cost of the project, the amount of land to be used, the proposed use of the improvements, and a general statement as to the value of the project to the business. 13 . An estimate of the number of new permanent jobs to be created by the project within one year, and a statement of the current number of permanent and part-time jobs at the location and the impact on those current jobs to be caused by the project 14. Verification that no building permit has been issued for construction on the property for the improvement proposed or verification that the new manufacturing equipment has not been installed. 15. The Standard Industrial Classification Manual major group within which the proposed project would be classified, by number and description. 16. Other anticipated public financing for the project, including, if any, industrial revenue bonding to be sought or already authorized, assistance through the United States Department of Housing and Urban Development funds from the City of South Bend, Small Business Association Section 503 financing through the Business Development Corporation of South Bend, Mishawaka, and St. Joseph County, Indiana; or other public financial assistance.